Underwriting in real estate is the process of a third party determining how much risk a lender or insurance company is willing to take on a person. There are three types of underwriters in real estate: Mortgage underwriter Title insurance underwriter Homeowner’s insurance underwriter Each of these underwriters are tasked with ensuring you and the …
Unimproved land (sometimes known as vacant lots or more commonly raw land) is land that does not have any active services or public utilities running through it like water lines, electricity or even street access from the public roadways. Improved land is different from unimproved land in that it will have at least a few …
You’ve been searching and searching for the perfect home for your family. You’ve scoured listings and gone on tours and open houses. And finally you’ve found “the one.”! Now it’s time to make an offer on the house that will get accepted. And that is what this guide will help you do. Below you’ll learn …
How to Make an Offer on a House That Gets Accepted Read More »
If you’re stuck between paying down the balance on the principal or escrow on your mortgage, always go with the principal first. By paying towards the principal on your mortgage, you’re actually paying on the existing debt, which brings you closer to owning your home. On the other hand, escrow is essentially third-party funds to …
Should You Pay a Mortgage Principal or Escrow First? Read More »
Your dream home is now listed as contingent. While that sounds like a bad thing, it doesn’t necessarily mean you won’t end up being able to buy this property. The term contingent doesn’t exactly come across as inviting, but it’s nothing to keep you up at night. Contingent is just a real estate term and …
What Does it Mean When the House You Want is “Contingent”? Read More »
Yes, you can use your 401k to buy a house. But should you? This is your guide to understanding how it works and deciding if it’s a smart move for you. Yes, you can use your 401k to buy a house so long as the holder of your account allows you to withdraw or take …
A home inspection can be a pivotal part of your home buying or selling experience. It’s this very moment when the home’s health is confirmed, issues are revealed, and when renegotiations are common. No matter what side of the closing table you’re sitting on, it can be both an exciting and nerve-wracking part of the …
Your Guide to Real Estate Home Inspections | Checklist Read More »
The home buying process can be as frustrating as it is exciting. Having to pass up on two or even three dream houses because the time just isn’t right can be highly discouraging. After all, you and your partner have been putting in the hours and making cuts—all to ensure that your savings account is …
Whether you’re buying a house or selling, you’ll need to be aware of any potential issues with the property. Familiarizing yourself with the seller’s disclosure form will benefit all parties—buyer and seller alike. What is a Seller’s Disclosure Form? A seller’s disclosure form, also known as a property disclosure statement, is a document provided by …
What a Seller’s Disclosure Form Is & What to Know About Them Read More »
When a house is under contract, it simply means that the seller has accepted the buyer’s offer, and both parties are holding up their responsibilities before closing. While it does mean everyone is contractually obligated to hold up their end of the deal, being under contract does not mean the sale is final. An offer …
